SynopsisThe company’s shareholders on July 25 approved the issue of 5,074 pre-series C compulsorily convertible preference shares at Rs 71,693.02 apiece to the fund through a private placement. The transaction marks a 32% increase from the Rs 865 crore valuation in its previous round.In its first capital raise in over four years, payments startup PayGlocal is set to secure Rs 36.4 crore from existing investor Beenext Asia Fund at an estimated valuation of Rs 1,140 crore, per regulatory filings.The company’s shareholders on July 25 approved the issue of 5,074 pre-series C compulsorily convertible preference shares at Rs 71,693.02 apiece to the fund through a private placement. The transaction marks a 32% increase from the RsNow Playing
PayGlocal to raise Rs 36.4 crore from Beenext at Rs 1,140 crore valuation - The Economic Times
The company’s shareholders on July 25 approved the issue of 5,074 pre-series C compulsorily convertible preference shares at Rs 71,693.02 apiece to the fund through a private placement. The transaction marks a 32% increase from the Rs 865 crore valuation in its previous round.
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